looking good - Gildage"If people really knew what math was anymore they would understand that a company who returns over 50% per year will more than double in three years, even if it never trades at NAV."
This stock has already more than doubled since its low in May of last year. I am long this stock and remain optimistic, but am also trying to be realistic.
Companies that return 50% per year are not likely to keep doing it consistently for any extended length of time.
And I'm well aware of the leverage warrants provide. I just think, in this case, the warrants are expensive considering how far out of the money they remain. But it's definitely an exciting gamble if you think the stock is going to 8 or 9 bucks any time soon.
I certainly won't complain if it does.